What are the top three goals in United States economic?
According to wiki answers, the top 3 of the 5 economic goals of the US are: 1. Full Employment 2. Stable Prices 3. Economic Growth “Full Employment” by definition is impossible to attain, because of structural, frictional, and cyclical unemployment. Because cyclical unemployment is caused by downturns in economic conditions, and frictional unemployment is caused when citizens make a transition from one job to the next, structural unemployment is considered to be the natural rate of unemployment, therefore, I will assume this to mean that “full employment” means the natural rate, which is approximately 4-6% under normal conditions. Stable prices are related to inflation and the general health of the economy. Stable prices may be dangerous because a low rate of inflation indicates a healthy economy, however, deflation often leads to decreased consumption (See pros and cons of inflation). Economic growth is generally agreed to mean an increasing per-capita GDP. Good luck on your quiz.
